CFTC slashes work from home rules but UK tinkers

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By Ross Lancaster
18 Mar 2020

The US Commodity Futures Trading Commission gave market participants adapting to working from home some relief late on Tuesday, with sweeping no-action relief on voice recording requirements. The UK’s Financial Conduct Authority hasn’t gone so far, but has offered firms some flexibility.

Adapting to WFH is still proving a challenge for market participants, as they try to mitigate the spread of Covid-19.

“Working on split sites is one thing,” said a US rates head on Tuesday, as he grappled with extreme volatility in the cross-currency basis swap market. “But frankly ...

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